EUR/USD today: the pair maintains an uptrend

On Wednesday the expectations for strengthening the pair EUR/USD were fully justified. As a result, the maximum at 1.1900 was updated. Then a correction followed, but the upward trend persists.

Events for today:

• 15:30 – publication of data on the US GDP.
• Also, at 15:30 – publication of the inflation report in Canada

Today is full of statistics on the US and Canada, as well as the market follows the progress of the tax reform in the US, because the dynamics of the US currency largely depends on it.

After a break from the support level 1.1860 of the EUR/USD pair, one should expect maintainance of the uptrend with further growth to the levels: 1.1890-1.1920. Given the declining activity in the market before the holidays and the persistence of the influence of fundamental factors, volatility is possible. Support levels: 1.1850-60 and 1.1810-00, resistance: 1.1900-20 and 1.1950.

Fig. EUR/USD. The current price is 1.1880.

Hanzenko Anton